ORRVILLE, Ohio, July 12, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced its Board of Directors approved an increase in the quarterly dividend from $1.06 to $1.08 per common share, an increase of two percent. The next dividend will be paid on Tuesday, September 3, 2024, to shareholders of record at the close of business on Friday, August 16, 2024. The Company remains committed to returning value to shareholders, as this represents the 23rd consecutive fiscal year of dividend growth. Ab ...

Freshpet, Inc. (FRPT) , a pet food company, has a trailing four-quarter earnings surprise of 118.2%, on average. FRPT currently sports a Zacks Rank #1. The Zacks Consensus Estimate for Freshpet's current financial-year sales and earnings indicates growth of 24.8% and 177.1%, respectively, from the prior-year reported level. Utz Brands Inc. (UTZ) , which manufactures a diverse range of salty snacks, currently carries a Zacks Rank #2 (Buy). UTZ has a trailing four-quarter earnings surprise of 2%, on average. ...

New business awarded includes supporting headquarter sales, retail merchandising, and digital commerce across the U.S. grocery and retail channel JACKSONVILLE, Fla., July 10, 2024 /PRNewswire/ -- Acosta Group, a leading sales and marketing agency collective, announced today the expansion of its engagement with The J.M. Smucker Company (NYSE: SJM) to include a complete North American solution for headquarter sales, retail merchandising, and digital commerce. This appointment by Smucker is based on Acosta Gro ...

Over the past 60 days, the Zacks Consensus estimate for the current fiscal year has declined 1.5% to $10.03 per share. This downward revision in earnings estimates suggests that analysts have lowered their expectations for the company's financial performance. The J. M. Smucker has been experiencing elevated selling, distribution, and administrative (SD&A) costs. These costs are expected to increase by approximately 13% in fiscal 2025. This uptick is primarily driven by higher investments in the Uncrustables ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________ FORM 10-K _________________________________________________________________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Com ...

文章核心观点 - 食品通胀趋于稳定,但食品公司仍面临高劳动力成本和更注重价格的消费者的挑战[1] - 公司J.M. Smucker(SJM)被评为买入评级,其股价在过去一年多时间内波动,但估值较低,股息收益率较高,且未来几年每股收益有望增长[2] 公司概况 - SJM是美国最大的食品制造和餐饮服务公司之一,2024财年销售额81.79亿美元,营业利润16.36亿美元,主要业务包括美国零售咖啡、美国零售冷冻手持食品和酱料、美国零售宠物食品、甜烘焙零食以及国际和外食业务[4] 财务表现 - SJM最近一季度财报呈现参差不齐,第四季度非GAAP每股收益2.66美元超出市场预期,但收入21.1亿美元同比下降0.9%,低于预期30亿美元[5] - 公司管理层预计2025财年净销售额增长9.5%-10%,调整后每股收益9.80-10.20美元,自由现金流9亿美元[5] - 公司毛利率表现良好,给投资者带来希望,但销售费用和行政费用上升以及Hostess Brands销售预期不确定性是潜在的下行风险[6] - 分析师预计2025财年每股收益将温和增长,之后将恢复强劲增长,这可能导致公司估值吸引力大幅提升[7] - 公司股息有望在未来几个季度逐步上升,收益率可能接近4%,这可能标志着一个不错的价值机会,尤其是公司自由现金流收益率目前接近6%[8] 估值分析 - 假设未来12个月每股非GAAP收益10美元,按照过去5年平均市盈率14.5倍计算,股价应为145美元,即使打折两个百分点,股价也应为125美元,仍有较大上涨空间[9] - 与同行相比,SJM的估值指标较好,尽管之前的增长轨迹较为疲软,但前景看好[11] - 尽管最近一季度业绩超预期,但公司指引低于市场预期,可能导致分析师下调盈利预测[12] 技术分析 - 从2016年开始,SJM股价经历了从低点到2023年初的强劲反弹,但随后受到科技股关注的影响而下跌[15][16] - 目前股价跌破200日移动平均线,呈现下行趋势,关键支撑位在106-108美元,上方阻力位在120美元[17] - 动量指标RSI处于20-60的区间,表明目前处于弱势格局,需要看到反转信号才能转为看多[17] 总结 - 尽管公司当前的动量较弱,但从估值角度来看,其基本面仍较为吸引人,考虑到未来几年的盈利增长、稳健的自由现金流、较高的股息收益率以及较低的市盈率,基本面优势可能超过技术面的弱势[18]

文章核心观点 - 公司经历了从2019年到2023年的转型,从一家7.8亿美元的多元化消费品公司,到通过收购Hostess Brands成为一家75亿美元的甜品和烘焙帝国 [3][4][6][10] - 收购Hostess Brands后,公司负债大幅增加,财务杠杆比率升至4.4倍,引发了市场对公司定位和战略的质疑 [10][11] - 尽管公司最近的业绩表现相对较好,但由于高额债务和定位问题,公司股价在过去几个月内下跌了20% [12][13][14][23] - 公司预计2025财年销售额将增长10%,但利润增长将受到高利息费用的抵消,预计不会有明显增长 [20][21][22] 公司概况 - 2019年公司营收为78亿美元,主要业务包括咖啡、果酱和宠物食品等 [3][4] - 2019年公司EBITDA为17亿美元,营业利润为12亿美元,每股收益8美元,股价110美元,估值合理 [5] - 疫情期间公司业绩受到提振,股价一度升至160美元,但增长主要来自估值膨胀而非利润增长 [6] 收购Hostess Brands - 2023年9月公司以56亿美元收购Hostess Brands,这家销售额为15亿美元的甜品和烘焙公司 [10] - 收购Hostess Brands后,公司总债务增至86亿美元,财务杠杆比率升至4.4倍,引发市场担忧 [11] - 收购Hostess Brands的协同效果预计仅占其销售额的7%,估值较高 [10] 最新业绩表现 - 2023年第三季度,公司销售额增长1%,调整后利润增长28% [16] - 2023年全年调整后每股收益预计为9.45-9.65美元,高于此前预期 [17] - 2024财年公司预计销售额增长10%,但利润增长受高利息费用抵消,预计每股收益维持在10美元左右 [20][21] - 公司债务水平仍然较高,2024年EBITDA对债务比率约为4倍 [19]

SJM's performance in the fourth quarter and the full year reflects the strength of its business and solid demand for its leading brands. Management attributed the company's success to superior execution and disciplined cost management, which were vital in a dynamic operating landscape. SJM's transformed portfolio, bolstered by the recent buyout of Hostess Brands, has set the stage for long-term growth across key platforms such as coffee, Uncrustables frozen sandwiches, dog snacks, cat food and sweet baked s ...

The company behind the eponymous jelly, Jif peanut butter, and Folgers coffee posted fourth-quarter fiscal 2024 adjusted earnings per share (EPS) of $2.66, above the $2.32 consensus of analysts compiled by Visible Alpha. Revenue fell 1.3% to $2.21 billion, missing forecasts. Smucker CEO Says Results Driven by 'Disciplined Cost Management' Sweet baked snacks, a specialty of Hostess Brands, made up more than 15% of Smucker's revenue in the quarter. Smucker completed its $5.6 billion purchase of Hostess Brands ...

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here i ...